RIGOL(SH:688337) Zhong Guo Jing Ji Wang·2025-08-10 08:25Core Viewpoint - Puyuan Precision Electronics (688337.SH) plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness and international brand image while diversifying its financing channels [1][2]. Group 1: H-share Issuance and Listing - The company held board meetings on August 8, 2025, to approve the proposal for the initial public offering of H-shares and the listing plan on the Hong Kong Stock Exchange [1]. - The issuance of H-shares requires approval from the shareholders' meeting and compliance with relevant laws and regulations in both China and Hong Kong [2]. - The timing and window for the H-share issuance will be chosen based on market conditions and the interests of existing shareholders [1]. Group 2: Previous Fundraising Activities - Puyuan Precision Electronics raised a total of 1.846 billion yuan from its previous public offering, with a net amount of 1.666 billion yuan after deducting issuance costs [3]. - The company initially planned to raise 750 million yuan for various projects, including high-end digital oscilloscopes and research center expansions, but ultimately raised 916 million yuan more than planned [3]. - In 2023, the company announced a specific issuance plan to raise up to 290 million yuan for projects in Malaysia and Xi'an [4]. Group 3: Asset Acquisition and Share Issuance - The company plans to acquire a 67.7419% stake in Nais Electronics through a share issuance and raise up to 50 million yuan in supporting funds [5]. - The valuation of Nais Electronics was assessed at 376.48 million yuan, with a significant appreciation of 965.83% based on the income approach [5]. - The transfer of ownership for the acquired stake was completed on August 20, 2024, with the company now holding 100% of Nais Electronics [6].